Xinxing Ductile Iron Pipes reports stable solvency in 2024

Xinxing Ductile Iron Pipes (SZSE:000778) announced its 2024 Creditor's Rights Agency Affairs Report for its 2019 green bonds, highlighting its stable solvency and adherence to bond agreements. All principal and interest payments were made in full for both the "19 Xinxing Green Bond 01" and "19 Xinxing Green Bond 02" series. The report indicates a decrease in total assets from CNY 5,553.04 million to CNY 5,325.03 million and a dip in operating profit, however, the company maintains a healthy liquidity ratio of 1.38 and a manageable debt-to-asset ratio of 47.09%. All raised funds were allocated in accordance with the company prospectus. As of the end of 2024, the company was compliant with all debt obligations and did not engage in any activities that would require a noteholder meeting.